If we could use these concepts in service and/or merchandising businesses, how would we go about doing so?
Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?
Yes, it would differ in one respect - whether it had cost of goods sold. Merchandising (like Ace Hardware) and manufacturers (like Tyson Chicken) will have cost of goods sold since they sell a product. Service firms (like Google) will not have this cost or a subtotal for gross profit. Otherwise they are similar.
Could we use managerial accounting "tools" to assess the profitability of an organization other than a manufacturing business, ...
Your response is 293 words and shows how managerial techniques can be used in retail and service firms. Examples are given.